DFC Global will no longer trade on the NASDAQ Stock Market and will be delisted.
Stockholders voted on the merger, which the DFC board of directors and management team said was in the best interest of all stockholders, on June 6.
Lone Star is a global private equity firm that invests in real estate, equity, credit and other financial assets. Since 1995 Lone Star has organized 12 private equity funds with aggregate capital commitments totaling over $45 billion.
The funds are advised by Lone Star Global Acquisitions, Ltd. (LSGA), an investment adviser registered with the U.S. Securities and Exchange Commission. LSGA advises the funds from offices in North America, Western Europe and East Asia.
For the past 30 years DFC Global Corp. has been a leading international non-bank provider of alternative financial services, principally unsecured short-term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards.
The company serves primarily unbanked and under-banked consumers through approximately 1,500 current retail storefront locations and its multiple Internet platforms in 10 countries.